Analysis of Reportable Segments
Caterpillar Inc. operates in 4 segments: Construction Industries; Resource Industries; Energy & Transportation; and Financial Products.
Segment Profit Margin
Caterpillar Inc., profit margin by reportable segment
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Construction Industries | 16.76% | 14.03% | 17.36% | 17.96% | 16.93% |
| Resource Industries | 12.96% | 11.33% | 15.85% | 15.61% | 8.78% |
| Energy & Transportation | 13.64% | 13.77% | 17.69% | 17.28% | 14.87% |
| Financial Products | 29.55% | 19.38% | 24.23% | 15.40% | 25.61% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Construction Industries | Construction Industries segment profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. |
| Resource Industries | Resource Industries segment profit margin ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. | |
| Energy & Transportation | Energy & Transportation segment profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021. | |
| Financial Products | Financial Products segment profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Segment Profit Margin: Construction Industries
Caterpillar Inc.; Construction Industries; segment profit margin calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Profit | 3,706 | 2,373 | 3,931 | 4,174 | 3,258 |
| Sales and revenues | 22,106 | 16,918 | 22,649 | 23,237 | 19,240 |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 16.76% | 14.03% | 17.36% | 17.96% | 16.93% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment profit margin = 100 × Profit ÷ Sales and revenues
= 100 × 3,706 ÷ 22,106 = 16.76%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Construction Industries | Construction Industries segment profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. |
Segment Profit Margin: Resource Industries
Caterpillar Inc.; Resource Industries; segment profit margin calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Profit | 1,291 | 896 | 1,629 | 1,603 | 690 |
| Sales and revenues | 9,963 | 7,906 | 10,276 | 10,270 | 7,861 |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 12.96% | 11.33% | 15.85% | 15.61% | 8.78% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment profit margin = 100 × Profit ÷ Sales and revenues
= 100 × 1,291 ÷ 9,963 = 12.96%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Resource Industries | Resource Industries segment profit margin ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
Segment Profit Margin: Energy & Transportation
Caterpillar Inc.; Energy & Transportation; segment profit margin calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Profit | 2,768 | 2,405 | 3,910 | 3,938 | 2,883 |
| Sales and revenues | 20,287 | 17,470 | 22,097 | 22,785 | 19,382 |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 13.64% | 13.77% | 17.69% | 17.28% | 14.87% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment profit margin = 100 × Profit ÷ Sales and revenues
= 100 × 2,768 ÷ 20,287 = 13.64%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Energy & Transportation | Energy & Transportation segment profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Segment Profit Margin: Financial Products
Caterpillar Inc.; Financial Products; segment profit margin calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Profit | 908 | 590 | 832 | 505 | 792 |
| Sales and revenues | 3,073 | 3,044 | 3,434 | 3,279 | 3,093 |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 29.55% | 19.38% | 24.23% | 15.40% | 25.61% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment profit margin = 100 × Profit ÷ Sales and revenues
= 100 × 908 ÷ 3,073 = 29.55%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Financial Products | Financial Products segment profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Segment Return on Assets (Segment ROA)
Caterpillar Inc., ROA by reportable segment
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Construction Industries | 81.50% | 55.72% | 75.32% | 85.15% | 67.34% |
| Resource Industries | 21.65% | 14.85% | 26.21% | 24.88% | 10.78% |
| Energy & Transportation | 29.91% | 28.02% | 45.40% | 46.96% | 38.11% |
| Financial Products | 2.60% | 1.72% | 2.32% | 1.40% | 2.27% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Construction Industries | Construction Industries segment ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Resource Industries | Resource Industries segment ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. | |
| Energy & Transportation | Energy & Transportation segment ROA deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. | |
| Financial Products | Financial Products segment ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Segment ROA: Construction Industries
Caterpillar Inc.; Construction Industries; segment ROA calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Profit | 3,706 | 2,373 | 3,931 | 4,174 | 3,258 |
| Assets | 4,547 | 4,259 | 5,219 | 4,902 | 4,838 |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 81.50% | 55.72% | 75.32% | 85.15% | 67.34% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment ROA = 100 × Profit ÷ Assets
= 100 × 3,706 ÷ 4,547 = 81.50%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Construction Industries | Construction Industries segment ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Segment ROA: Resource Industries
Caterpillar Inc.; Resource Industries; segment ROA calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Profit | 1,291 | 896 | 1,629 | 1,603 | 690 |
| Assets | 5,962 | 6,035 | 6,214 | 6,442 | 6,403 |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 21.65% | 14.85% | 26.21% | 24.88% | 10.78% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment ROA = 100 × Profit ÷ Assets
= 100 × 1,291 ÷ 5,962 = 21.65%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Resource Industries | Resource Industries segment ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. |
Segment ROA: Energy & Transportation
Caterpillar Inc.; Energy & Transportation; segment ROA calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Profit | 2,768 | 2,405 | 3,910 | 3,938 | 2,883 |
| Assets | 9,253 | 8,582 | 8,612 | 8,386 | 7,564 |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 29.91% | 28.02% | 45.40% | 46.96% | 38.11% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment ROA = 100 × Profit ÷ Assets
= 100 × 2,768 ÷ 9,253 = 29.91%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Energy & Transportation | Energy & Transportation segment ROA deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
Segment ROA: Financial Products
Caterpillar Inc.; Financial Products; segment ROA calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Profit | 908 | 590 | 832 | 505 | 792 |
| Assets | 34,860 | 34,278 | 35,813 | 36,002 | 34,893 |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 2.60% | 1.72% | 2.32% | 1.40% | 2.27% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment ROA = 100 × Profit ÷ Assets
= 100 × 908 ÷ 34,860 = 2.60%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Financial Products | Financial Products segment ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Segment Asset Turnover
Caterpillar Inc., asset turnover by reportable segment
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Construction Industries | 4.86 | 3.97 | 4.34 | 4.74 | 3.98 |
| Resource Industries | 1.67 | 1.31 | 1.65 | 1.59 | 1.23 |
| Energy & Transportation | 2.19 | 2.04 | 2.57 | 2.72 | 2.56 |
| Financial Products | 0.09 | 0.09 | 0.10 | 0.09 | 0.09 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Construction Industries | Construction Industries segment asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Resource Industries | Resource Industries segment asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. | |
| Energy & Transportation | Energy & Transportation segment asset turnover ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. | |
| Financial Products | Financial Products segment asset turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Segment Asset Turnover: Construction Industries
Caterpillar Inc.; Construction Industries; segment asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and revenues | 22,106 | 16,918 | 22,649 | 23,237 | 19,240 |
| Assets | 4,547 | 4,259 | 5,219 | 4,902 | 4,838 |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 4.86 | 3.97 | 4.34 | 4.74 | 3.98 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment asset turnover = Sales and revenues ÷ Assets
= 22,106 ÷ 4,547 = 4.86
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Construction Industries | Construction Industries segment asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Segment Asset Turnover: Resource Industries
Caterpillar Inc.; Resource Industries; segment asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and revenues | 9,963 | 7,906 | 10,276 | 10,270 | 7,861 |
| Assets | 5,962 | 6,035 | 6,214 | 6,442 | 6,403 |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.67 | 1.31 | 1.65 | 1.59 | 1.23 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment asset turnover = Sales and revenues ÷ Assets
= 9,963 ÷ 5,962 = 1.67
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Resource Industries | Resource Industries segment asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Segment Asset Turnover: Energy & Transportation
Caterpillar Inc.; Energy & Transportation; segment asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and revenues | 20,287 | 17,470 | 22,097 | 22,785 | 19,382 |
| Assets | 9,253 | 8,582 | 8,612 | 8,386 | 7,564 |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 2.19 | 2.04 | 2.57 | 2.72 | 2.56 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment asset turnover = Sales and revenues ÷ Assets
= 20,287 ÷ 9,253 = 2.19
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Energy & Transportation | Energy & Transportation segment asset turnover ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
Segment Asset Turnover: Financial Products
Caterpillar Inc.; Financial Products; segment asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and revenues | 3,073 | 3,044 | 3,434 | 3,279 | 3,093 |
| Assets | 34,860 | 34,278 | 35,813 | 36,002 | 34,893 |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.09 | 0.09 | 0.10 | 0.09 | 0.09 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment asset turnover = Sales and revenues ÷ Assets
= 3,073 ÷ 34,860 = 0.09
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Financial Products | Financial Products segment asset turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Segment Capital Expenditures to Depreciation
Caterpillar Inc., capital expenditures to depreciation by reportable segment
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Construction Industries | 1.08 | 0.87 | 0.61 | 0.72 | 0.57 |
| Resource Industries | 0.49 | 0.30 | 0.40 | 0.41 | 0.36 |
| Energy & Transportation | 1.10 | 0.83 | 0.98 | 1.16 | 0.81 |
| Financial Products | 1.58 | 1.42 | 1.85 | 1.87 | 1.67 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Construction Industries | Construction Industries segment capital expenditures to depreciation ratio improved from 2019 to 2020 and from 2020 to 2021. |
| Resource Industries | Resource Industries segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. | |
| Energy & Transportation | Energy & Transportation segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. | |
| Financial Products | Financial Products segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
Segment Capital Expenditures to Depreciation: Construction Industries
Caterpillar Inc.; Construction Industries; segment capital expenditures to depreciation calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 255 | 213 | 201 | 266 | 228 |
| Depreciation and amortization | 237 | 245 | 331 | 367 | 400 |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.08 | 0.87 | 0.61 | 0.72 | 0.57 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 255 ÷ 237 = 1.08
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Construction Industries | Construction Industries segment capital expenditures to depreciation ratio improved from 2019 to 2020 and from 2020 to 2021. |
Segment Capital Expenditures to Depreciation: Resource Industries
Caterpillar Inc.; Resource Industries; segment capital expenditures to depreciation calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 199 | 125 | 168 | 188 | 183 |
| Depreciation and amortization | 403 | 418 | 425 | 462 | 514 |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.49 | 0.30 | 0.40 | 0.41 | 0.36 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 199 ÷ 403 = 0.49
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Resource Industries | Resource Industries segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Segment Capital Expenditures to Depreciation: Energy & Transportation
Caterpillar Inc.; Energy & Transportation; segment capital expenditures to depreciation calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 627 | 495 | 613 | 742 | 527 |
| Depreciation and amortization | 571 | 593 | 628 | 640 | 653 |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.10 | 0.83 | 0.98 | 1.16 | 0.81 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 627 ÷ 571 = 1.10
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Energy & Transportation | Energy & Transportation segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Segment Capital Expenditures to Depreciation: Financial Products
Caterpillar Inc.; Financial Products; segment capital expenditures to depreciation calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 1,218 | 1,100 | 1,534 | 1,559 | 1,373 |
| Depreciation and amortization | 772 | 773 | 829 | 834 | 820 |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.58 | 1.42 | 1.85 | 1.87 | 1.67 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 1,218 ÷ 772 = 1.58
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Financial Products | Financial Products segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
Sales and revenues
Caterpillar Inc., sales and revenues by reportable segment
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Construction Industries | 22,106 | 16,918 | 22,649 | 23,237 | 19,240 |
| Resource Industries | 9,963 | 7,906 | 10,276 | 10,270 | 7,861 |
| Energy & Transportation | 20,287 | 17,470 | 22,097 | 22,785 | 19,382 |
| Financial Products | 3,073 | 3,044 | 3,434 | 3,279 | 3,093 |
| Total reportable segments | 55,429 | 45,338 | 58,456 | 59,571 | 49,576 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
Profit
Caterpillar Inc., profit by reportable segment
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Construction Industries | 3,706 | 2,373 | 3,931 | 4,174 | 3,258 |
| Resource Industries | 1,291 | 896 | 1,629 | 1,603 | 690 |
| Energy & Transportation | 2,768 | 2,405 | 3,910 | 3,938 | 2,883 |
| Financial Products | 908 | 590 | 832 | 505 | 792 |
| Total reportable segments | 8,673 | 6,264 | 10,302 | 10,220 | 7,623 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
Assets
Caterpillar Inc., assets by reportable segment
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Construction Industries | 4,547 | 4,259 | 5,219 | 4,902 | 4,838 |
| Resource Industries | 5,962 | 6,035 | 6,214 | 6,442 | 6,403 |
| Energy & Transportation | 9,253 | 8,582 | 8,612 | 8,386 | 7,564 |
| Financial Products | 34,860 | 34,278 | 35,813 | 36,002 | 34,893 |
| Total reportable segments | 54,622 | 53,154 | 55,858 | 55,732 | 53,698 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
Depreciation and amortization
Caterpillar Inc., depreciation and amortization by reportable segment
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Construction Industries | 237 | 245 | 331 | 367 | 400 |
| Resource Industries | 403 | 418 | 425 | 462 | 514 |
| Energy & Transportation | 571 | 593 | 628 | 640 | 653 |
| Financial Products | 772 | 773 | 829 | 834 | 820 |
| Total reportable segments | 1,983 | 2,029 | 2,213 | 2,303 | 2,387 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
Capital expenditures
Caterpillar Inc., capital expenditures by reportable segment
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Construction Industries | 255 | 213 | 201 | 266 | 228 |
| Resource Industries | 199 | 125 | 168 | 188 | 183 |
| Energy & Transportation | 627 | 495 | 613 | 742 | 527 |
| Financial Products | 1,218 | 1,100 | 1,534 | 1,559 | 1,373 |
| Total reportable segments | 2,299 | 1,933 | 2,516 | 2,755 | 2,311 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).